Stifel Nicolaus views Molycorp's (MCP +11.6%) acquisition of Neo Material Technologies...

|By:, SA News Editor

Stifel Nicolaus views Molycorp's (MCP +11.6%) acquisition of Neo Material Technologies (NEMFF.PK) as a positive vertical integration move for the rare metal producer. The firm expects the deal to be accretive in 2012 but it maintains a Hold rating.